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US Industrial Valve Market Research Report 2023
US Industrial Valve Market Size By Type (Ball, Globe, Gate, Butterfly, Plug, Check) Material (Steel, Brass, Bronze, Cast Iron, Plastic) Size (< 1”, 1”–6”, 6”–25”, 25”–50”, > 50”) Application (Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment) Function (On/Off, Control, Isolation, Special Purpose) and Country Market Analysis and Forecast, 2023-2030
US Industrial Valve Market Synopsis
The US Industrial Valve Market size was reasonably estimated to be approximately USD 22.87 Billion in 2022 and is poised to generate revenue over USD 35.63 Billion by the end of 2030, projecting a CAGR of around 5.7 % from 2023 to 2030.
US Industrial Valves are mechanical devices that are important in regulating fluid flow in various industries. They guide liquids, gases or suspensions, ensuring proper operation and safety. Available in types such as ball, gate, globe and butterfly valves, they can be operated manually or automatically by pneumatic, electric or hydraulic methods. These valves improve industrial processes and prevent potential hazards by optimising flow rate and pressure.
- The market has been steadily growing due to increased industrialization and infrastructure development in various industries such as oil and gas, water and sewage treatment, chemical processing and power generation. Demand for US Industrial Valves in the United States is driven by ongoing projects, maintenance activities and the need for efficient and safe fluid control systems.
- Several factors are driving the growth of the market, including technological advancements, expansion of end-user industries, and increasing investment in infrastructure projects. In addition, strict safety and environmental regulations have encouraged the adoption of high-quality US Industrial Valves that meet industry standards.
- The US Industrial Valve market is highly competitive, with domestic and international players competing for market share. Major players in the industry are constantly innovating to meet the changing needs of end users, offering a wide range of valve types, materials and sizes. As the United States continues to modernize its industrial facilities and invest in critical infrastructure, the US Industrial Valve market is expected to continue its steady growth, providing opportunities for both manufacturers and suppliers.
Top Key Players Involved Are:
"Emerson Electric Co. (US), Flowserve Corporation (US), Crane Co. (US), Schlumberger (US), Valvitalia Group (Italy), IMI plc (United Kingdom), Curtiss-Wright Corporation (US), KITZ Corporation (Japan), Velan Inc. (Canada), Mueller Water Products Inc. (US), Neway Valve (Suzhou) Co. Ltd. (China), The Weir Group PLC (United Kingdom), Parker-Hannifin Corporation (US), Swagelok Company (US), Johnson Controls (Ireland), Pentair plc (US), Watts Water Technologies Inc. (US), Bonney Forge Corporation (US), Apollo Valves (US), Hayward Industries Inc. (US) and other major players."
The US Industrial Valve Market Trend Analysis
Industrialization Boosts US Valve Demand
- Industrialization increases the demand for valves that are essential for fluid flow control in various industries such as oil and gas, water treatment, chemicals, power generation and manufacturing. They optimize processes by directing, throttling or shutting off fluids in pipelines and systems.
- Rapid industrialization in the United States increased the demand for US Industrial Valves. They are essential for regulating the flow of oil and gas in pipelines, regulating water in treatment plants, and controlling chemicals in the chemical industry.
- The growth of the US manufacturing sector requires efficient fluid flow control, where US Industrial Valves play a key role in applications such as steam control, material handling and cooling systems. The growing demand for reliable and efficient valves makes them an important part of the country's industrialization journey.
Enhanced Valve Monitoring With IIoT
- IIoT is revolutionizing valve monitoring in the industry. Real-time data collection and analysis provide performance insights, enabling remote monitoring to detect anomalies early, reduce downtime and improve efficiency.
- IIoT enables predictive valve maintenance by analyzing sensor data to match anticipated maintenance needs and moving to a reactive, proactive approach. It prevents breakdowns, reduces downtime, optimizes maintenance based on USge patterns and extends equipment life, resulting in cost savings.
- IIoT integrated valves enable remote control and dynamic optimization of flow rates, reducing waste and increasing efficiency. Data-driven decisions improve processes and increase the reliability and productivity of industrial automation.
Segmentation Analysis of the US Industrial Valve Market
US Industrial Valve market segments covers the Type, Material, Size, Application, and Function. By Type, the Ball segment is Anticipated to Dominate the Market Over the Forecast Period.
- The ball valve segment of the US Industrial Valve market refers to the US market for ball valves used in various industrial applications. Ball valves are quarter-turn valves that use a hollow, perforated, rotating ball to control fluid flow. They offer excellent quenching properties, low maintenance requirements and are suitable for a wide range of applications, making them popular in industries such as oil and gas, water and wastewater treatment, chemical processing and more.
- In the United States, the ball valve segment is characterized by a high demand for reliable and efficient flow control solutions. These valves are valued for their ability to withstand high-pressure and high-temperature applications, making them suitable for critical processes in the oil and gas industry. Their durability and corrosion resistance further promote their widespread use in demanding environments.
- As the need for precise flow control and automation grows, the adoption of ball valves with advanced functions such as pneumatic or electric operations is also becoming more common. With constant advances in materials and design, the ball valve segment of the US Industrial Valve market is expected to continue to grow as industries seek durable and efficient valve solutions to optimize their processes.
Country Analysis of the US Industrial Valve Market
California is Expected to Dominate the Market Over the Forecast Period.
- The US Industrial Valve market in California is an important part of the broader valve market in the United States. One of the nation's most populous and economically influential states, California has a diverse industrial landscape that includes industries such as oil and gas, water treatment, aerospace, electronics, and more. As a result, the demand for US Industrial Valves in California is driven by a wide variety of applications, including fluid control and regulation in various processes.
- The government's strong emphasis on environmental requirements and sustainability will further influence the valve market, and the need for valves that meet strict environmental standards and enable efficient resource management is growing. California's commitment to renewable energy sources such as solar and wind power creates opportunities for valves used in those areas as well.
- In addition to local industry, the valve market in California is also influenced by international trade and exports. State Manufacturers supplies valves to domestic and international customers, making the company a major player in the entire North American and global valve industry.
Source: Statista
As shown in the graph in 2021, China, Germany, the United States, Italy, and Japan were the leading exporters of valves, reflecting the growing global demand for US Industrial Valves. These countries are major industrial economies investing in infrastructure and manufacturing, driving the need for valves in various industries such as oil and gas, water treatment, and power generation.
Covid-19 Impact Analysis on US Industrial Valve Market
- The COVID-19 pandemic has had several negative effects on the USIndustrial Valve market. First, the pandemic has caused widespread disruption of industrial activity, with businesses forced to temporarily close or scale back operations to comply with lockdowns and social distancing. The decline in industrial production has led to a fall in demand for US Industrial Valves in various sectors, resulting in a loss of income for valve manufacturers and distributors.
- Second, supply chain disruptions caused by the pandemic affected the availability of raw materials and components for valve production. Manufacturers faced material sourcing issues, transportation delays, and increased costs, which further hindered their ability to respond quickly to customer needs.
- In addition, travel restrictions and market uncertainty have caused delays in corporate capital investment, affecting new projects and expansion plans that would have required US Industrial Valves. This reluctance to spend, combined with economic uncertainty, has caused the US Industrial Valve market to slow growth and investment opportunities during the pandemic.
Top Key Players Covered in The US Industrial Valve Market
- Emerson Electric Co. (US)
- Flowserve Corporation (US)
- Crane Co. (US)
- Schlumberger (US)
- Valvitalia Group (Italy)
- IMI plc (United Kingdom)
- Curtiss-Wright Corporation (US)
- KITZ Corporation (Japan)
- Velan Inc. (Canada)
- Mueller Water Products Inc. (US)
- Neway Valve (Suzhou) Co. Ltd. (China)
- The Weir Group PLC (United Kingdom)
- Parker-Hannifin Corporation (US)
- Swagelok Company (US)
- Johnson Controls (Ireland)
- Pentair plc (US)
- Watts Water Technologies Inc. (US)
- Bonney Forge Corporation (US)
- Apollo Valves (US)
- Hayward Industries Inc. (US)
Key Industry Developments in the US Industrial Valve Market
In July 2023, Emerson introduced the ASCO™ Series 588 Stationary Oxygen Concentrator, the healthcare industry's first complete multiple solution. The purpose of this product is to improve the design of respiratory therapy devices, accelerate product development and ensure reliable and efficient oxygen delivery to patients. The pipeline simplifies device design and assembly and improves the energy efficiency, longevity and reliability of oxygen concentrators.
In February 2023, Flowserve Corporation and Clariter recently partnered to improve the production of environmentally friendly petrochemicals from Clariter's waste plastics.
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Frequently Asked Questions
What would be the forecast period in the Industrial Valve Market research report?
The forecast period in the Industrial Valve Market research report is 2023-2030.
Who are the key players in Industrial Valve Market?
Emerson Electric Co. (US), Flowserve Corporation (US), Crane Co. (US), Schlumberger (US), Valvitalia Group (Italy), IMI plc (United Kingdom), Curtiss-Wright Corporation (US), KITZ Corporation (Japan), Velan Inc. (Canada), Mueller Water Products Inc. (US), Neway Valve (Suzhou) Co. Ltd. (China), The Weir Group PLC (United Kingdom), Parker-Hannifin Corporation (US), Swagelok Company (US), Johnson Controls (Ireland), Pentair plc (US), Watts Water Technologies Inc. (US), Bonney Forge Corporation (US), Apollo Valves (US), Hayward Industries Inc. (US) and Other Major Players.
What are the segments of the Industrial Valve Market?
The Industrial Valve Market is segmented into Type, Material, Size, Application, and Function. By Type, the market is categorized into Ball, Globe, Gate, Butterfly, Plug, and Check. By Material, the market is categorized into Steel, Brass, Bronze, Cast Iron, and Plastic. By Size, the market is categorized into < 1”, 1”–6”, 6”–25”, 25”–50”, and> 50”. By Application, the market is categorized into Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment. By Function, the market is categorized into On/Off, Control, Isolation, and Special Purpose.
What is the Industrial Valve Market?
Industrial valves are mechanical devices that are important in regulating fluid flow in various industries. They guide liquids, gases or suspensions, ensuring proper operation and safety. Available in types such as ball, gate, globe and butterfly valves, they can be operated manually or automatically by pneumatic, electric or hydraulic methods. These valves improve industrial processes and prevent potential hazards by optimising flow rate and pressure.
How big is the Industrial Valve Market?
The Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.
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Base Year:2022
Historical Data:2016-2022
No of Pages:300
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